27 /Sequence of Total：
40A/+ Form of Documentary Credit： IRREVOCABLE TRANSFERABLE 20 /+ Documentary Credit Number：SEB/30275 31C/+ Date of Issue：080308
40E/Applicable Rules： UCP LATEST VERSION 31D/+ Date and Place of Expiry：083260 HONG KONG
50 /+ Applicant：CHINA NATIONAL AERO-TECHNOLOGY INT'L SUPPLY CORP.6TH FLOOR, CATIC PLAZA , NO.18 BEICHEN DONG ROAD, CHAOYANGDIST. BEIJING CHINA
59 /+ Beneficiary THE GLEASON WORKS
ADD: 1000 UNIVERSITY AVE, ROCHESTER，NY USA 14692 TEL: 585 473 8070 FAX: 585-461 4348 32B/+ Currency Code, Amount USD435870,
41D/+ Available With ... By ... ANY BANK BY NEGOTIATION
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42C/+ Draft at ... SEE 46A 42A/+ Drawee MSBCCNBJ001
43P/+ Partial Shipments NOT ALLOWED 43T/+ Transshipment NOT ALLOWED 44E/Port of loading
YOKOHAMA SEAPORT JAPAN 44F/Port of discharge
SHANGHAI SEAPORT,CHINA 44C/+ Latest Date of Shipment 080831
45A/Description of Goods and/or Services
COMMODITY: ONE SET OF CNC FACE MILLING CUTTER SHARPENING MODEL:NCG-205
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TOTAL AMOUNT: USD484300.00 INCLUDING PACKING CHARGES PRICE TERM: FOB YOKOHAMA SEAPORT
PACKING:TO BE PACKED IN STRONG WOODEN/CARTON BOXES SUITABLE FOR LONG DISTANCE
OCEAN
TRANSPORTATION,WELL
PROTECTED
AGAINST
DAMPNESS
MOISTURE,SHOCK,RUST AND ROUGH HANDLING
46A/Documents Required
PART A: 80PCT OF CONTRACT VALUE SHOULD BE PAID AGAINST SIGHT DRAFTS AND FOLLOWING DOCUMENTS:
+MANUALLY SIGNED COMMERCIAL INVOICE IN 3 ORIGINALS AND 2
COPIES INDICATING THIS L/C NO. AND CONTRACT NO.2007DMAB/HH069US (PHOTO COPY AND CARBON COPY NOT ACCEPTABLE AS ORIGINAL)
+FULL SET (INCLUDED 3 ORIGINALS AND 2 NON-NEGOTIABLE COPIES) OFCLEAN ON BOARD 'FREIGHT TO COLLECT'OCEAN BILLS OF LADING MADE OUT TO ORDER AND BLANK ENDORSED,NOTIFYING APPLICANT.
+WEIGHT MEMO/PACKING LIST IN 2 ORIGINALS AND 3 COPIES ISSUED
BY BENEFICIARY INDICATING QUANTITY/GROSS AND NET WEIGHTS OF EACH PACKAGE AND PACKING CONDITIONS AS CALLED FOR BY THE L/C
+CERTIFICATE OF QUALITY IN 2 ORIGINALS AND 3 COPIES ISSUED BY MANUFACTURER(SAIKUNI MANUFACTURING CO.,LTD/JAPAN).
+BENEFICIARY'S CERTIFIED COPY OF FAX/TELEX DISPATCHED TO THEAPPLICANT
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WITHIN 24 HOURS AFTER SHIPMENT ADVISING NAME OF
VESSEL,NO.,DATE,QUANTITY,WEIGHT AND VALUE OF SHIPMENT. +ONE ORIGINAL AND ONE COPY OF PRE-ACCEPTANCE CERTIFICATE COUNTER-SIGNED BY THE REPRESENTATIVES FROM BENEFICIARY AND END-USER IN BENEFICIARY'S SITE.
+PROFORMA INVOICES FOR 100PCT OF THE TOTAL AMOUNT IN 5 COPIESINDICATING CONTRACT NO.
+ONE ORIGINAL AND ONE COPY OF WRITTEN STATEMENT ISSUED BY THEBENEFICIARY PROVING THAT HEAT TREATMENT OR OTHER EFFECTIVE
MEASURES IN COMPLIANCE WITH THE INTERNATIONAL MEASURE OF
PHYTOSANITARY STANDARD NO.15(ISPM 15)AND APPROVED BY CHINESE COMPETENT AUTHORITY HAVE BEEN CARRIED OUT ON THE WOODEN PACKING MATERIALS OR ONE ORIGINAL OF WRITTEN STATEMENT ISSUED BY THE BENEFICIARY PROVING THAT NON-WOODEN MATERIALS WERE USED.
+A PHOTOGRAPH OF THE PACKING PROVING THAT ALL THE WOOD PACKINGARE MARKED IN COMPLIANCE WITH THE ISPM15.
.
PART B: 10PCT OF CONTRACT VALUE SHOULD BE PAID AGAINST SIGHT DRAFTS AND THE FOLLOWING DOCUMENTS:
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+MANUALLY SIGNED COMMERCIAL INVOICE IN 3 ORIGINALS AND 2 COPIESINDICATING THIS L/C NO. AND CONTRACT NO.
+FINAL ACCEPTANCE CERTIFICATE COUNTER-SIGNED BY THE
REPRESENTATIVES FROM BENEFICIARY AND ENDUSER(ZHONGNAN TRANSMISSION MACHINERY FACTORY)ON THE ENDUSER'S SITE IN 1 ORIGINAL AND 1 COPY.
+ONE ORIGINAL AND ONE COPY OF IRREVOCABLE LETTER OF GUARANTEEISSUED BY THE BENEFICIARY'S BANK,IN FAVOR OF APPLICANT COVERING 5PCT OF TOTAL CONTRACT AMOUNT,VALID 12 MONTHS FROM DATE OFFINAL ACCEPTANCE CERTIFICATE.(DETAILS AS APPENDIX IN FIELD 47A)47A/Additional Conditions
+DOCUMENTS OF PART A MUST BE PRESENTED WITHIN 14 DAYS AFTER THEDATE OF ISSUANCE OF THE TRANSPORT DOCUMENTS BUT WITHIN THE VALIDITY OF THIS CREDIT,AND DOCUMENTS OF PART B MUST BE
PRESENTED WITHIN THE EXPIRY DATE OF THIS L/C.
+ADDITIONAL COPY EACH OF A/M DOCUMENT BE PRESENTED FOR BANKFILE,FAILING WHICH,USD50 WILL BE DEDUCTED FROM THE PROCEEDS.+THE GUARANTEE'S FORM IS AS FOLLOWS:
'SPECIMEN OF 5PCT IRREVOCABLE LETTER OF GUARANTEE FOR PERFORMANCE SECURITY DATE:
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.
CHINA NATIONAL AERO-TECHNOLOGY INTERNATIONAL SUPPLY CORPORATION 6/F, CATIC PLAZA NO.18, BEICHEN EAST ST.,
CHAOYANG DISTRICT, BEIJING(100101) P.R.CHINA .
WITH REFERENCE TO CONTRACT NO.2007DMAB/HH069US (HEREINAFTER REFERRED AS THE CONTRACT) DATED , AMOUNTING TO
USD484,300.00 (USD FOUR HUNDRED EIGHTY-FOUR THOUSAND THREE HUNDRED ONLY) AND SIGNED BETWEEN YOUR COMPANY (HEREINAFTER REFERRED AS THE BUYER) AND THE GLEASON WORKS (HEREINAFTER
REFERRED AS THE SELLER) FOR THE PURCHASING OF CNC FACE MILLING CUTTER SHARPENING, WE, (BANK NAME), HAVING OUR
REGISTERED OFFICE AT (ADDRESS), AT THE REQUEST OF
THE SELLER, HEREBY ISSUE OUR IRREVOCABLE LETTER OF GUARANTEE NO. IN YOUR FAVOR TO THE EXTENT OF USD24215.00, COVERING
5PCT (FIVE PERCENT) OF THE TOTAL CONTRACT PRICE AND UNDERTAKEWITH YOU AS
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FOLLOWS:
.
IN CASE IN YOUR OPINION THE SELLER FAILS TO PERFORM HIS
OBLIGATIONS DURING THE WARRANTY PERIOD, AS STIPULATED IN THE CONTRACT, DUE TO THE SELLER'S FAULTS, WE SHALL REFUND, WITHIN FIVE(5) WORKING DAYS UPON RECEIPT OF YOUR FIRST WRITTEN NOTICE,TO YOU UNCONDITIONALLY 5PCT OF THE TOTAL CONTRACT PRICE I.E.USD24215.00(SAY USD TWENTY-FOUR THOUSAND TWO HUNDRED FIFTEEN ONLY).
.
THIS L/G SHALL BECOME EFFECTIVE ON THE DATE WHEN THE FINAL
10PCT PAYMENT AS STIPULATED IN THE CONTRACT IS RECEIVED BY THESELLER AND SHALL REMAIN VALID UNTIL THE 365TH DAY AFTER THE
DATE OF FINAL ACCEPTANCE CERTIFICATE. 71B/Charges
+A DISCREPANT DOCS FEE USD100 WILL BE DEDUCTED FROM DRAWING IF DOCS ARE PRESENTED WITH DISCS. +ALL BANKING CHARGES OUTSIDE OPENING BANK ARE FOR ACCOUNT OF
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BENEFICIARY.
48 /+ Period for Presentation SEE 47A
49 /+ Confirmation Instructions WITHOUT
78 /Instructions to the Paying/Accepting/Negotiating Bank
+UPON RECEIPT OF THE DOCUMENTS AND THE DRAFTS IN COMPLIANCE WITH THE TERMS AND CONDITIONS OF THIS CREDIT,THE REIMBURSEMENT WILL BE EFFECTED AS PER THE NEGOTIATING BANK'S INSTRUCTION.
+ALL DOCUMENTS MUST BE SENT TO ISSUING BANK (ADD:516 ROOM, NO.2 FUXINGMENNEI ST, XICHENG DISTRICT, BEIJING 100031 CHINA) IN
ONE LOT BY COURIER SERVICE.
+THE AMOUNT OF EACH DRAFT MUST BE ENDORSED ON THE REVERSE OFTHIS CREDIT. 72 /Sender to Receiver Information /REC/THIS CREDIT IS SUBJECT TO U.C.P. 600(2007).
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